The Bank of Korea (BOK) is the central bank of South Korea, established on June 12, 1950. It is responsible for maintaining price stability, formulating and implementing monetary policy, issuing and managing the nation's currency, and overseeing the overall stability of the country's financial system. The BOK is an independent government organization, meaning it operates autonomously and is not subject to the direction of the government in performing its duties.
The main objectives of the Bank of Korea are: